John2506

John2506

Gold spot rate is at lows recovering slightly, DRD is testing strong support line (pink) at 1410, RSI suggests that the share is oversold, Buy opportunity.

John2506

Vertical green line shows the aggressive market reaction that was lagging at first. DMI Suggests no interception that would prove a sudden change in price. Brent-crude oil price is still holding.

John2506

Share price to follow Brent crude oil price after break from consolidation

John2506

Yellow vertical lines indicates the changes in market movement when GOLD chart is at trough. The parallel lines indicate a mock charge, after the market traders realize that GOLD is at a low, bullish action follows backed by the DT+ and DT- intercept of the DMI. The above movement occurred twice, indicated with the 2 yellow vertical lines. It is my view that...

John2506

Current support line is holding, despite USA politics. Previous break from consolidation 19 June 2020: -DT intercepts +DT Per current DMI: +DT closing in on support -DT closing in on +DT. After intercept will show break from current consolidation period, I'm bullish on SSW after the break.

John2506

This is my first published idea. The regression line over the past few months shows short bursts of market recovery, opportunity to trade from below trend to above the trend. The downward trend will continue due to uncertainty in the oil market, I am hopeful for a long term recovery.